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The Reserve Bank, which is led by governor Michele Bullock, last week cut interest rates but made it clear it wasn’t sure it should have cut.

RBA is lost in the frightening territory of full employment

The central bank’s bizarre behaviour last week is a sign that it has lost its bearings and isn’t sure what’s happening in the economy or where it’s headed.

  • Ross Gittins

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RBA governor Michele Bullock.

RBA governor says bank was too late to hike interest rates

Michele Bullock says the bank’s heavy-footed response to inflation weighed on the board’s mind as it made the first cut to interest rates in years.

  • Millie Muroi
The nation’s jobs market remains strong with businesses adding another 54,000 full time workers in January.

Hopes fade for another rate cut as jobs growth strengthens

A record participation rate and an extra 54,000 full-time jobs in January suggest little steam is coming out of the labour market.

  • Shane Wright and Millie Muroi
Despite Kmart profits rising, spurred by growth in its private label Anko products, uncertainty over interest rate cuts could bring gloom on the horizon for the big retailer.

‘We’re not out of the woods yet’: Kmart owner says rate cut not enough to entice shoppers

Although consumers continue to flock to Kmart in search of better deals, Wesfarmers’ CEO remains cautious.

  • Cindy Yin
Illustration by Dionne Gain

Life is a highway, and Australia is stuck in second gear

If the Australian economy were a car, it would be Volkswagen bus. But if our living standards are to improve, it needs to purr like a Lamborghini.

  • Shane Wright
Treasurer Jim Chalmers.

The Chalmers offensive: Media blitz after rate cut hints at more cost-of-living relief

The government is keeping the possibility of further cost of living measures on the table as the latest data showed wages growing at the slowest rate in nearly three years.

  • Shane Wright and Millie Muroi
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Reserve Bank governor Michele Bullock.

What Michele Bullock really meant in speech after cutting interest rates

We’ve deciphered the RBA governor’s comments on Tuesday, after the Reserve Bank cut rates for the first time in more than four years.

  • Matt Wade and Shane Wright
Sarah O’Donnell and her baby Sophie.

‘Breathing room’: Rate cut means Sarah can ‘splurge’ on Easter eggs this year

Four Sydney home loan borrowers react to the first interest rate cut in more than four years.

  • Kayla Olaya and Frances Howe
Reserve Bank governor Michele Bullock addresses the media on Tuesday.

Bullock follows rate cut with a bucket of cold water

Yes, the Reserve Bank has finally cut rates. But the economy is really struggling. And it is still propped up by government spending.

  • Shane Wright
Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a news conference at the bank’s head office in Sydney, Australia, on Tuesday, Feb. 18, 2025. Australia’s central bank cut interest rates for the first time since 2020 as inflation approaches the top of its 2-3% target, while saying it will take a cautious approach to future decisions.

RBA dashes hopes of further rate relief after first cut in four years

The big four banks moved quickly to match the cut to their mortgage rates to alleviate the pain mortgage holders have been feeling since rates started rising in May 2022.

  • Shane Wright, Millie Muroi and Sumeyya Ilanbey

Original URL: https://www.theage.com.au/topic/reserve-bank-of-australia-619